This decision is due to the strengthening of the prerequisites for a further slowdown in the forecast inflation dynamics, the need to maintain moderately positive real interest rates in the economy, as well as to achieve a balance between the inflation target and maintaining economic activity in a pandemic.
Capital Markets Development Agency of the Republic of Uzbekistan (CMDA), the United Nations Development Programme (UNDP) and Islamic Development Bank (IsDB) signed a Statement of Intent (SoI) in Sustainable Development Goals (SDGs) and development of Uzbekistan’s financial market, CMDA reports.
On June 23, Sanoat Qurilish Bank (Uzbekistan Industrial and Construction Bank) and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement, according to which the EBRD provides a credit line in the amount of $40 million to finance domestic manufacturers, exporters and SMEs.
Thousands of Uzbekistan residents, worried about the quarantine announced in order to prevent the spread of coronavirus in the country, rushed to the markets to stock up on all the necessary products. This reaction of people is caused by unfounded rumors about a possible shortage of food.